Noticeable whale activity in an altcoin may lead to a further acceleration in the price increase.
Known as Ali and on-chain analyst platform Analyst using Santiment’s data 8 MarIn his post on t, In Fantom (FTM) It featured whale activity.
According to the post whale in phantom mobility is experiencing a huge increase. Analyst, FTM There was a sharp increase in the assets of whales and their shares in the stock markets In FTM balances He said there was a decline.
The decrease in the number of FTMs in the stock exchanges causes the circulating supply to decrease. demand in price while leading with may rise together It is estimated.
Analyst Ali said that these whale movements were supported by the recent rise in price and altcoin has a strong stance he stated.
According to CoinGecko data, it has increased by more than 100% in the last 14-day period. FTM, It has been trending horizontally for a few days. FTM, at the time of writing 0.802 from dollars is being traded.